FBN® Finance Launches Instant Approval for Land Loans

With speed and timing more critical than ever, FBN Finance gives members a vital buying tool

Farmers Business Network (FBN®), the global AgTech platform and farmer-to-farmer network, today announced the launch of FBN Finance’s transformative Instant Land Loan Approvals* program. Designed to address the needs of farmers seeking land financing, this solution aims to streamline and expedite the loan application process, providing qualified farmers with instant approvals and efficient access to capital.

Traditionally, securing land financing has been a time-consuming and arduous task. Loan decisions often take up to five to ten business days for a loan decision, leaving bidders vulnerable to being outbid by cash offers.

"For farmers making a new land purchase or refinancing, it can be one of the most influential decisions they make, one that can impact their operations for generations. We recognize the significance of quick turnaround times and access to capital when it comes to making land purchases," said Devin Lammers, President of FBN® Financial. "This latest solution drastically reduces unnecessary stress and delays for farmers, while empowering them to make fast, successful bids in a competitive market environment."

Under the Instant Land Loan Approvals program, qualified applicants can receive approval for land loans up to $2.5 million within minutes.* This expedited process empowers farmers to make crucial financial decisions promptly, ensuring uninterrupted operations and maximizing productivity.

Here are some of the key benefits of FBN Finance's Instant Land Loan Approval program:

• Less Paperwork: By reducing the need for extensive documentation and financial statements, the Instant Land Loan Approvals program saves farmers valuable time and effort. The streamlined application requires only disclosure of total assets, total liabilities, gross farm income, and non-farm income.**

• Convenient and Accessible: Farmers can now complete the entire loan application process online, whether from the comfort of their home office or on their mobile devices. This unparalleled convenience enables farmers to manage their financing needs efficiently, saving precious time.

• Quick and Secure Land Acquisition: FBN® Finance understands the urgency of acquiring land in a competitive market. The Instant Land Loan Approvals program expedites the approval process, empowering farmers to secure land faster.*** This advantage helps to give farmers a competitive edge and ensures their ability to move decisively on valuable opportunities.

The introduction of Instant Land Loan Approvals marks a game-changing milestone for farmers, providing qualified applicants with a quick, convenient, and accessible financing option. By saving time and effort, farmers can focus on maximizing profitability and further developing their operations.

For more information about the Instant Land Loan Approvals program and other financial solutions offered by FBN® Finance, please visit www.fbn.com/finance

*Approval is conditional and subject to the product’s terms and conditions, and underwriting.

**Additional documentation may be required during the closing process.

***Length of time necessary to complete the financing process will vary and depend on one's individual circumstances.

Financing offered by FBN Finance, LLC and its lending partners. Terms and conditions apply. To qualify, a borrower must be a member of Farmer’s Business Network, Inc. and meet all underwriting requirements. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify. NMLS ID: 1631119.

© 2014 - 2023 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, and “FBN” are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc.

About FBN:

Farmers Business Network® (FBN®) is an independent AgTech platform and farmer-to-farmer network with a mission to power the prosperity of family farmers around the world while working towards a sustainable future. Its Farmers First® promise has attracted over 55,000 members to the network with a common goal of helping farmers maximize their farm’s profit potential with data and technology enabled direct-to farmer commerce, community and sustainability offerings.

FBN has set out to redefine value and convenience for farmers by helping reduce the cost of production and maximize the value of their crops. The FBN network has grown to cover more than 117 million acres of member farms in the US and Canada. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the company has principal offices in San Carlos, CA, Chicago, IL, Sioux Falls, SD with significant warehouse and logistics, remote and field employees across the US and Canada. To learn more, visit: www.fbn.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230525005142/en/